Bangladesh export earnings jump by 26.54% in July

Dhaka, Bangladesh-Bangladesh’s export earnings jumped by 26.54 per cent or US$704.69 million in July following higher shipments of apparel products, according to official statistics, released on Wednesday.

The overall export earnings rose to $3.21 billion in July, the first month of the ongoing fiscal year (FY) 2017-18 from $2.53 billion in the same month of last fiscal year, the state-run Export Promotion Bureau (EPB)’s latest data showed.

Garment covering both knitwear and woven shipments brought home $2.48 billion in July, up by 17.08 per cent year-on-year. The receipt from apparel exports was also 4.83 per cent below the monthly target of $2.60 billion.

Bangladesh government had set the export target for the FY 18 at $37.50 billion, up by 7.65 per cent from the last fiscal year’s receipts.

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